Adani Power, a key player in the Indian energy sector, reported substantial growth in its financial and operational performance for the April-June 2024 quarter. The company’s consolidated power sales volume reached 24.1 billion units, a notable 38% increase from the 17.5 billion units recorded in the same period of 2023. This surge in power sales is attributed to an uptick in power demand and an expanded operating capacity.
The impressive performance is mirrored in Adani Power’s financial results. The company’s consolidated continuing total revenue surged by 30% to Rs 15,052 crore, compared to Rs 11,612 crore in the previous year’s quarter. This increase in revenue is primarily due to higher sales volumes. The company’s EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) also saw a significant boost, growing by 53% to Rs 6,290 crore, up from Rs 4,121 crore in the same quarter of 2023. This growth in EBITDA was driven by elevated revenues and a decrease in import fuel prices.
This story is from the August 01, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the August 01, 2024 edition of The Business Guardian.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
HC rejects Swati Maliwal's plea for framing charges against her in corruption case
NEW DELHI In the Delhi Commission for Women (DCW) recruitment case, the Delhi High Court has rejected the plea of Rajya Sabha MP and former DCW chairperson, Swati Maliwal, against the framing of charges against her in December 2022.
Former BharatPe officer sent to five-day police custody forgery case
TDG NETWORK NEW DELHI Delhi's Saket Court on Friday remanded Deepak Gupta, a former head of administration and procurement of BharatPe, to five days of police custody.
BIKER DIED AFTER COLLISION WITH CAR IN GURUGRAM
A biker died on the spot after a collision with a car driving from the wrong side in the Gurugram district of Haryana.
We are planning to bring a new law for doctors' safety: MP Manoj Tiwari
During the inauguration event of the dedicated Aorta Centre for the diagnosis and treatment of aortic diseases at Fortis Escorts Heart Institute Okhla, BJP MP Manoj Tiwari, Chief Guest of the event announced that the government is planning to bring a law for doctors' safety.
If Kejriwal is not elected. CM, Delhi will see power hike like UP: Atishi
AAP leader and Delhi Chief Minister designate Atishi on Friday said that if people in the national capital do not make Arvind Kejriwal Chief Minister, they will see expensive electricity, and long power cuts as in Uttar Pradesh under the BJP government.
Police imposes MCOCA on Hashim Baba
The Delhi Police has imposed the Maharashtra Control of Organised Crime Act (MCOCA) on jailed notorious gangster Hashim Baba and eight other members of his gang for their continuous involvement in criminal activity, officials confirmed on Friday.
Kejriwal to address Janta Ki Adalať at Jantar Mantar on Sept 22
The Aam Aadmi Party (AAP) is gearing up for a fierce battle in the upcoming Delhi Assembly elections, with a focus on strengthening its booth-level organisation.
Supreme Court: Section 195 CrPC Bar Not Applicable When Forgery Was Committed On Document Before It Was Given As Evidence In Court
The Supreme Court in the case Arockiasamy v.
Telangana High Court: Driving Vehicle Number Plate Not 'Cheating' Under Section 420 IPC
The Telangana High Court in the case observed and has quashed a cheating case which is being registered against a two-wheeler driver.
Supreme Court Issued Notice To Union & States On Plea Seeking Virtual Hearings Before Land Acquisition And Rehabilitation Authorities
The Supreme Court in the case Kishan Chand Jain Versus Union Of India And Ors observed and has issued notice to the Union and all State Governments in a Public Interest Litigation, PIL filed seeking virtual hearings for land acquisition compensation claims by Land Acquisition and Rehabilitation Authorities, LARRAS.
